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Bitcoin (BTC) tackled resistance at $35,000 on Tuesday as upward momentum began to resurface throughout cryptocurrency.

BTC price targets range high
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting 24-hour highs of $35,780 on Bitstamp on Tuesday.

The pair put in 4.5% gains on the day, restoring confidence to traders who were previously afraid of another major market correction.

As Cointelegraph reported, the weekend was a rags-to-riches story for Bitcoin, which bounced at $30,000 to stage an impressive comeback going into the new week.

For popular trader Crypto Ed, there was now little reason to hold a doomsday-style view on BTC’s price action.

“Current BTC bears are the same who were convinced BTC would drop below $10k back in September 2020,” he argued in his latest update.

For analyst Rekt Capital, the potential likewise remained for further upside on the back of the most recent weekly close.

“Great price-strength stability at a key Weekly support level for BTC,” he summarized.

“This is now the 7th week in a row that has been able to reaffirm this ~$34500 level as support.”

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